USG vs. JEPQ
USG (USCF Gold Strategy Plus Income Fund) and JEPQ (JPMorgan Nasdaq Equity Premium Income ETF) are both funds - USG is a Gold fund actively managed by USCF, while JEPQ is a Nasdaq-100 fund tracking the Nasdaq-100 Index. USG is actively managed, while JEPQ is passively managed. Over the past 3 years, USG returned 25.26%/yr vs 20.80%/yr for JEPQ. At a 0.10 correlation, their price movements are largely independent. USG charges 0.45%/yr vs 0.35%/yr for JEPQ.
Performance
USG vs. JEPQ - Performance Comparison
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Returns By Period
In the year-to-date period, USG achieves a -3.37% return, which is significantly lower than JEPQ's 10.59% return.
USG
- 1D
- -0.69%
- 1M
- -6.85%
- YTD
- -3.37%
- 6M
- -6.24%
- 1Y
- 19.16%
- 3Y*
- 25.26%
- 5Y*
- —
- 10Y*
- —
JEPQ
- 1D
- 0.07%
- 1M
- 2.89%
- YTD
- 10.59%
- 6M
- 10.22%
- 1Y
- 29.42%
- 3Y*
- 20.80%
- 5Y*
- —
- 10Y*
- —
USG vs. JEPQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
USG USCF Gold Strategy Plus Income Fund | -3.37% | 52.02% | 23.70% | 8.49% | -0.71% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.59% | 15.18% | 24.85% | 36.28% | -11.16% |
Correlation
The correlation between USG and JEPQ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.10 |
The correlation between USG and JEPQ shifts across timeframes, from 0.10 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USG vs. JEPQ — Risk / Return Rank
USG
JEPQ
USG vs. JEPQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USCF Gold Strategy Plus Income Fund (USG) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USG | JEPQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.46 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 3.35 | -2.51 |
| Martin ratioReturn relative to average drawdown | 2.41 | 15.94 | -13.54 |
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Drawdowns
USG vs. JEPQ - Drawdown Comparison
The maximum USG drawdown since its inception was -22.96%, which is greater than JEPQ's maximum drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for USG and JEPQ.
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Drawdown Indicators
| USG | JEPQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.96% | -20.07% | -2.89% |
Max Drawdown (1Y)Largest decline over 1 year | -22.96% | -8.82% | -14.14% |
Max Drawdown (3Y)Largest decline over 3 years | -22.96% | -20.07% | -2.89% |
Current DrawdownCurrent decline from peak | -21.05% | 0.00% | -21.05% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -3.40% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.98% | 1.85% | +6.13% |
Volatility
USG vs. JEPQ - Volatility Comparison
USCF Gold Strategy Plus Income Fund (USG) has a higher volatility of 7.90% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 5.68%. This indicates that USG's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USG | JEPQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.90% | 5.68% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 22.78% | 10.33% | +12.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.31% | 12.85% | +11.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.08% | 16.75% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 16.75% | -0.67% |
USG vs. JEPQ - Expense Ratio Comparison
USG has a 0.45% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Dividends
USG vs. JEPQ - Dividend Comparison
USG's dividend yield for the trailing twelve months is around 28.84%, more than JEPQ's 9.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.97% | 10.53% | 9.65% | 10.03% | 9.44% |
USG USCF Gold Strategy Plus Income Fund | 28.84% | 27.33% | 7.48% | 8.16% | 2.85% |
Frequently Asked Questions
USG and JEPQ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USG has higher volatility (7.90%) compared to JEPQ (5.68%). In terms of maximum drawdown, USG dropped -22.96% vs JEPQ's -20.07%.
JEPQ currently has the higher Sharpe Ratio (2.30 vs 0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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